People love Posh's dresses. Net-a-porter.com sold out in one day, and Posh herself stopped by Neiman Marcus to instruct sales associates and top customers in the ways of the frock. Thirty pieces were sold. [WWD]

Roberto Cavalli yesterday said that he will show Just Cavalli in Milan — albeit not on the runway. Following the bankruptcy of the diffusion line's primary licensee, Itierre, Just Cavalli's future was in doubt, despite the fact that the expanding chain has stores scheduled to open this year. But the designer says that he will show Just Cavalli to a select group of editors at showroom appointments tomorrow, before making an announcement about the future of the brand. Surely there must be a manufacturer somewhere willing to produce the brand. [FWD]

The gist of this story is: Michelle Obama. Still wearing clothes. There, I saved you three minutes. [WWD]

Saks is troubled. After holding 75% off sales all last November and December — a situation the company CEO says "you'll probably never see again" — it still had to lay off workers in the new year. And in leading the deep-discounting department store pack last winter, Saks achieved the triple whammy of pissing off its vendors — who didn't appreciate their wares getting the TJ Maxx treatment from a trusted name — losing $98.75 million of company money in three months, and spawning endless trend stories about whether consumers will ever be duped into paying $700 for a pair of pumps again (the magic eight ball says: not any time soon). Well, the CEO held an investor conference call and said some reassuring things that made the share price jump almost 13%; then the CFO happened to mention that, worst case scenario, the company does own some very nice real estate. Which it could sell. Presumably not at 75% off. [NY Times]

In other news of celebrities who want a piece of the retail maelstrom, there's a certain pink-haired Canadian pop-punk sprite who would like to sell you her pajamas. They're black and neon all over, and have some weird-looking lace insertion-looking parts to the top. Not that anyone would dare call her complicated. [The Life Files]

Adam Lippes' Mango diffusion line goes on sale March 1. The women's clothes seem to exhibit a nice sense of proportion, and there are some potentially cool black strappy not-too-gladiator-looking sandals. But there are men's wear looks styled with notched-lapel jackets and — wait for it — dress shorts. I just don't know how to feel about that. [Racked]

Not battening down the hatches are the Olsen twins, whose contemporary Elizabeth and James line is moving into men's wear. Their other label, The Row, has a men's wear division that has proved very popular very quickly. [WWD]

Speaking of the Olsens, their Elizabeth and James shoes are about to launch, and will go on sale through Steve Madden stores. Although there is no pricing information as of yet, they'll be significantly more expensive than Steve Madden's other wares. [FabSugar]

Moise de la Renta, who I am pretty sure does not have a degree in communications, does have a fashion line. MDLR, announced last summer, is finally here. [Style.com]

Should you ever want to imitate the shiny corpse lip some of the models wore at Marc Jacobs, key makeup artist for the show François Nars explains how. It involves putting eyeshadow on your lips. [NY Times]

True Religion posted double-digit sales and earnings increases for all of 08 — and the fourth quarter. [WWD]

Old Navy is chasing the "quirky" 25-35-year-old customer. Its new campaign features a flier that looks like a mock celebrity magazine, and they would like to remind everyone they sell clothes for $5 and $10. [AP]

Fourth quarter profit for the Limited brands fell 96% on last year. At least they still had a fourth quarter profit! [AP]

The sound of Karl Lagerfeld's taste dying is a low, battery-powered hum. Which reaches a top speed of 12 mph! The Chanel Segway, a thing you can buy, is here. [The Cut]